Can corona virus or any other epidemic disease can collapse Banking? - page 3.

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Quote from: BlackFor3st on March 05, 2020, 10:04:55 PM

Quote from: Pffrt on February 29, 2020, 01:11:35 PM

Imagine Corona virus or any epidemic disease affected globally. As a result, all the economy will be affected and people will face hard time. Will not it bring an affect in economic balance? Which will turn into high inflation globally and it will result collapse of the banking system. Will it? In my country, the situation is getting worse for product which we are depended on China. I can see a significant inflation here if Corona Virus issue continued.

This kind of outbreak will surely affect the economy of every country that will be hit by this kind of virus because if you are going to look on what is happening in the Wuhan right now, there city is like a ghost town which is very opposite at the time that there was no virus. I can't literally tell whether it will bring an inflation globally because if in case this virus will likely to spread all over the globe and there will no cure to it then I am pretty sure that every government will unite to find a cure to this virus.

Banking system will not collapse easily not unless all the governments will decide to remove it and will replace by digital asset in the future.

One of the popular outbreaks today is with the very popular virus today that is the coronavirus or the NCov virus this virus comes from the place of Wuhan, China because of the exotic foods that came from the bats and more. If the outbreak will continue many people getting pull out their money and transfer into different country to make sure that they are going to skip to the virus and that kind of massive action will may affective the worldwide trading of money also it will cause of bankruptcy to the community, for now, many people are making study and work together to make sure that the outbreak will be cure immediately and avoid loss of too many lives.

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Quote from: Pffrt on February 29, 2020, 01:11:35 PM

Imagine Corona virus or any epidemic disease affected globally. As a result, all the economy will be affected and people will face hard time. Will not it bring an affect in economic balance? Which will turn into high inflation globally and it will result collapse of the banking system. Will it? In my country, the situation is getting worse for product which we are depended on China. I can see a significant inflation here if Corona Virus issue continued.

This kind of outbreak will surely affect the economy of every country that will be hit by this kind of virus because if you are going to look on what is happening in the Wuhan right now, there city is like a ghost town which is very opposite at the time that there was no virus. I can't literally tell whether it will bring an inflation globally because if in case this virus will likely to spread all over the globe and there will no cure to it then I am pretty sure that every government will unite to find a cure to this virus.

Banking system will not collapse easily not unless all the governments will decide to remove it and will replace by digital asset in the future.

samcrypto

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Virus can collapse the humanity if we continue to fail to live as a human. Banking industry is not that strong so expect that if there’s a big tragedy around the world people will panic and they will have to get their money to support their health and condition. We should learn from this current virus, start to live healthy and always protect your health so you can enjoy your life, and you can still see bitcoin to the moon.

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Quote from: tippytoes on March 05, 2020, 06:50:06 PM

Quote from: travwill on March 05, 2020, 05:54:43 PM

I used to think that no, but now I am inclined to believe that the epidemic can somehow affect cryptocurrencies.
Indeed, thanks to the epidemic, a global financial recession can begin that will lead to the fact that people will move their assets towards cryptocurrencies in order to maintain their value, unless of course the cryptocurrency can prove to be sufficiently stable in such a period.

People will now find a way on how to move their assets without traveling as traveling increases the risk of getting infected. And one good option right now, is exploring the world of crypto.

Crypto right now is a good option if they want to transact online money transactions without traveling. Corona virus is not really a deadly virus if you know how to manage yourself not to be infected. It's not like HIV where it is contagious and deadly. So i don't think corona virus will greatly affect banking but it may somehow affect the economy of such country and result to high inflation for the basic necessities.

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Quote from: travwill on March 05, 2020, 05:54:43 PM

I used to think that no, but now I am inclined to believe that the epidemic can somehow affect cryptocurrencies.
Indeed, thanks to the epidemic, a global financial recession can begin that will lead to the fact that people will move their assets towards cryptocurrencies in order to maintain their value, unless of course the cryptocurrency can prove to be sufficiently stable in such a period.

People will now find a way on how to move their assets without traveling as traveling increases the risk of getting infected. And one good option right now, is exploring the world of crypto.

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Quote from: travwill on March 05, 2020, 05:54:43 PM

I used to think that no, but now I am inclined to believe that the epidemic can somehow affect cryptocurrencies.
Indeed, thanks to the epidemic, a global financial recession can begin that will lead to the fact that people will move their assets towards cryptocurrencies in order to maintain their value, unless of course the cryptocurrency can prove to be sufficiently stable in such a period.

I believe that before but this current US stock exchange huge decline makes me think that it can affect all aspects and provably including the cryptocurrency and come to think of it we are on halving season but yet we are experience a series of dumps and maybe those things are some effect since many people cannot participate to buy since they have a threat in there country.

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I used to think that no, but now I am inclined to believe that the epidemic can somehow affect cryptocurrencies.
Indeed, thanks to the epidemic, a global financial recession can begin that will lead to the fact that people will move their assets towards cryptocurrencies in order to maintain their value, unless of course the cryptocurrency can prove to be sufficiently stable in such a period.

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Quote from: hugeblack on March 01, 2020, 04:25:44 AM

I do not think that Corona virus is the same risk that the media describe, as the mortality rate did not exceed 3%, while some diseases, such as malaria, kill millions of people in Africa. Perhaps the main goal is to weaken the economy of some countries, make some pharmaceutical companies rich, or even occupy public opinion about many economic failures.
I am not saying that it is fake, but it does not deserve all this media amplification

Malaria does tend to be a tropical disease. Sooo people not in the tropics tend to not fear it. It simply won’t spread far and wide.

Corona-v can and will spread everywhere on the planet.
It is not crazy kill you dead half the world is going to die.

If it was really super deadly and infected 2/3 of us all making 1/3 of us die.

It would be a huge disaster a ww3 but in a different way.

I think a lot of the fear is was this created by evil scientists 🥼.

If it was it is a homerun.

it spreads easy strikes older people. kids under 12 don’t seem to catch it.

Many will want a shot not to catch it. Money will be made on it.

My fear is if this was a designer virus 🦠 they will come up with another in five to ten years.

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What we are forgetting is the simple fact that corona virus is just the last string of a series of diseases in the past decade. I don't remember all diseases in the past 50 years of course but it looks like there has been a frequent outbreak of viruses all the time in the past decade and that kind of scares me.

I am sure corona will do nothing and we will recover from this very easily however do we know if this is the last one? I am pretty sure there will be some more following this and if this virus thing continues for a long time that may result with us finally reaching to a point where it would be too dangerous. I mean collapsing of the banking world would be the last thing in our minds because we may literally reach to a point where whole world is in danger of dying. That would be really scary and I am afraid we are moving towards that faster than before.

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Quote from: Betwrong on March 03, 2020, 06:13:07 AM

In short, this Coronavirus thing is a vastly over-hyped scare story the media force-feeding their readers and viewers with. It will hardly affect the economy, and surely it will not lead to collapse of banks.

This Corona thing, is quite a thing right now. Well, it hardly affect a lot of people today, emotionally, physically and mentally.

Economic Threat - Given the fact/s, that emotion and mental capacity of an individual are one of the key indicator of a person's buying power. With this status, economically speaking it will have a huge impact. In stocks alone, major/minor players are affected of the downward trend. As fear is playing it hard.

Collapse of Banking/Bank Industry - I think it's far from reality. Banks will not collapse in this type of epidemic. Given that Banks has the or can make it as a advantage/s in this situation. Funding and loan are a thing in this time, as research is quite costly.

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Quote from: Betwrong on March 03, 2020, 06:13:07 AM

Some calamities can indeed affect the economy, but Coronavirus is not one of them. Around 3k people have died from it globally, but we know that from 12k to 61k people have died from the flu every year since 2010 in the US alone.

In short, this Coronavirus thing is a vastly over-hyped scare story the media force-feeding their readers and viewers with. It will hardly affect the economy, and surely it will not lead to collapse of banks.

I will not agree to that, Coronavirus may not be a life-threatening disease like others but the issue is with the rate it spreads to others it is being spread to others at a very faster rate like more than one lakh people in the last two months is very high this will prevent from proper functioning of the economy thereby affecting the banks. If it is controlled there won't be any issues but if it is not controlled then it is a serious issue for the economy.

As per the latest news Pfizer has announced that it has come up with the possible treatment for the coronavirus. Let's hope for the best

3k is already a lot of numbers for this case and it is keep on growing globally. The world is dealing with these diseases every time and the economy takes the effect of it.

I just saw the news last time when the global and known stocks came down. That's the indication that this actually hit the economy and everyone became affected.

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Health crisis does affect the economy of a certain country. But it will only collapse depending on how they are going to handle the situation. There are a lot of diseases or viruses that spread in different country before like ebola, sars but it didn't result to an economy collapse. It's because it's not only that certain country affected are the one fighting for that virus, it's the whole world. They are helping each other to find solution and cure to stop it from spreading.

Corona virus would not reach to that case because China is a powerful country and it's not that easy for their country to collapse just like that. That virus can be dangerous but everyone's taking action for that, quarantine, finding cure, and it's not actually the virus that kills thousands of people. And I think, every country have allotted funds or prepared for this kind of health issues. So this virus would not really cause a great damage to the economy especially in China.

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Quote from: Pffrt on February 29, 2020, 01:11:35 PM

Imagine Corona virus or any epidemic disease affected globally. As a result, all the economy will be affected and people will face hard time. Will not it bring an affect in economic balance? Which will turn into high inflation globally and it will result collapse of the banking system. Will it? In my country, the situation is getting worse for product which we are depended on China. I can see a significant inflation here if Corona Virus issue continued.

That's possible but we are all aware that WHO and other world agency are doing their best to combat this epidemic, but I don't think it can collapse banking banking system, unless the virus will have no cure and become pandemic , but I'm speaking at the present situation, I read that there is now a cure for this virus, hopefully like all the other epidemic it will be wipe out.

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Quote from: FlightyPouch on March 04, 2020, 08:52:20 PM

Quote from: matchi2011 on March 04, 2020, 02:30:27 PM

Quote from: ecnalubma on March 04, 2020, 12:55:37 PM

I think Coronavirus issues is too much emphasise compare to other deadly diseases that still has no cure. Well if this types of epidemic continuous to spread globally then it could probably threaten the economy and banking industry, but it is timely that crypto exist no contact, no problem and financial system can still continue despite the global threat.

It's sending the path to digital market, if this epidemic will continue to spread out probably it will take impact to banking industry, physically speaking people will be scared to be compromise and it will giveaways to other forms of digital currency where transactions can be done without any intercourse.

It can affect the bank but I don't think it will collapse it. Banks have ways to do things and they can also do online transactions even without using bitcoin or other crypto currencies. The impact of this epidemic is so huge to the country and it is not the only bank that is affected here but other establishments as well especially their economy.

right, indeed all sectors seem affected by the worldwide corona virus. but I don't think it will break the bank. The bank is a buffer for the country's economy, if the bank collapses, the country's economy collapses. and for now crypto does not play much to the economic survival of a country

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Quote from: matchi2011 on March 04, 2020, 02:30:27 PM

Quote from: ecnalubma on March 04, 2020, 12:55:37 PM

I think Coronavirus issues is too much emphasise compare to other deadly diseases that still has no cure. Well if this types of epidemic continuous to spread globally then it could probably threaten the economy and banking industry, but it is timely that crypto exist no contact, no problem and financial system can still continue despite the global threat.

It's sending the path to digital market, if this epidemic will continue to spread out probably it will take impact to banking industry, physically speaking people will be scared to be compromise and it will giveaways to other forms of digital currency where transactions can be done without any intercourse.

It can affect the bank but I don't think it will collapse it. Banks have ways to do things and they can also do online transactions even without using bitcoin or other crypto currencies. The impact of this epidemic is so huge to the country and it is not the only bank that is affected here but other establishments as well especially their economy.

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Quote from: Pffrt on February 29, 2020, 01:11:35 PM

Imagine Corona virus or any epidemic disease affected globally. As a result, all the economy will be affected and people will face hard time. Will not it bring an affect in economic balance? Which will turn into high inflation globally and it will result collapse of the banking system. Will it? In my country, the situation is getting worse for product which we are depended on China. I can see a significant inflation here if Corona Virus issue continued.

It can possibly can if it continue spreading. A lot of business were already affected which is the reason why stocks value are continuously dropping as time goes by with Corona virus. On the other hand it'll take a longer time to seek banking collapse as mobile banking are currently existing and cryptocurrency helps is providing the demand for online trasaction.

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Quote from: Google+ on March 04, 2020, 06:39:29 PM

Quote from: matchi2011 on March 04, 2020, 02:30:27 PM

Quote from: ecnalubma on March 04, 2020, 12:55:37 PM

I think Coronavirus issues is too much emphasise compare to other deadly diseases that still has no cure. Well if this types of epidemic continuous to spread globally then it could probably threaten the economy and banking industry, but it is timely that crypto exist no contact, no problem and financial system can still continue despite the global threat.

It's sending the path to digital market, if this epidemic will continue to spread out probably it will take impact to banking industry, physically speaking people will be scared to be compromise and it will giveaways to other forms of digital currency where transactions can be done without any intercourse.

when many are exposed to the virus it will cause a very high sense of panic some people will certainly make the withdrawal of their assets to secure their assets so that the money in the bank will increasingly run out because many will make the withdrawal of assets.

but maybe there are still people who still let their money in the bank because they think this virus will end quickly because it has found a cure.

I am more concerned about of the world chaos such as world war rather than this kind of pandemic although it is too dangerous if human let this kind of pandemic to revolve without making a cure. If doctors and scientists found the cure already but don't want to release it yet because they want some money then the humanities is gone already.

There are worst epidemic that existed already before but the media are too fund of making it a hot topic almost everyday that it could cause a panic in almost every country. A pankc that would affect the economic of both crypto and fiat.

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Quote from: matchi2011 on March 04, 2020, 02:30:27 PM

Quote from: ecnalubma on March 04, 2020, 12:55:37 PM

I think Coronavirus issues is too much emphasise compare to other deadly diseases that still has no cure. Well if this types of epidemic continuous to spread globally then it could probably threaten the economy and banking industry, but it is timely that crypto exist no contact, no problem and financial system can still continue despite the global threat.

It's sending the path to digital market, if this epidemic will continue to spread out probably it will take impact to banking industry, physically speaking people will be scared to be compromise and it will giveaways to other forms of digital currency where transactions can be done without any intercourse.

when many are exposed to the virus it will cause a very high sense of panic some people will certainly make the withdrawal of their assets to secure their assets so that the money in the bank will increasingly run out because many will make the withdrawal of assets.

but maybe there are still people who still let their money in the bank because they think this virus will end quickly because it has found a cure.

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Quote from: ecnalubma on March 04, 2020, 12:55:37 PM

I think Coronavirus issues is too much emphasise compare to other deadly diseases that still has no cure. Well if this types of epidemic continuous to spread globally then it could probably threaten the economy and banking industry, but it is timely that crypto exist no contact, no problem and financial system can still continue despite the global threat.

It's sending the path to digital market, if this epidemic will continue to spread out probably it will take impact to banking industry, physically speaking people will be scared to be compromise and it will giveaways to other forms of digital currency where transactions can be done without any intercourse.

princesspoppy

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I think it can collapse not just banks but the whole economic status of a country. If corona virus will ever infect all countries in the world (which we do not want to happen), all of our economic status will crash and we may even experience global recession. Corona virus is a deadly virus that can be transferred from one person to another with a small interval of time and we are all afraid that it will spread fast and may result to this recession. It will surely affect all countries if it ever happened.

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